The thermoplastic starch (TPS) industry is witnessing robust advancements owing to increasing demand for biodegradable materials across various applications. As sustainable packaging and eco-friendly alternatives gain traction, TPS material’s versatility is steering significant market growth, with substantial opportunities emerging in regions focusing on environmental regulations and sustainable development.
Market Size and Overview
The Global Thermoplastic Starch (TPS) Market size is estimated to be valued at USD 200.56 million in 2025 and is expected to reach USD 397.02 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032.
This Thermoplastic Starch (TPS) Market Growth reflects increasing adoption of biopolymers aimed at reducing plastic pollution. Market insights indicate accelerating demand in packaging, agriculture, and automotive sectors, stimulated by favorable regulatory frameworks and rising consumer awareness regarding environmental sustainability. The thermoplastic starch industry size is further propelled by innovations enhancing material performance and cost-efficiency.
Key Takeaways
- Dominating Region: Asia-Pacific continues to dominate the thermoplastic starch market share in 2025, supported by strong manufacturing setups and government initiatives promoting bio-based products. For instance, China’s expansion in biodegradable packaging applications boosted the region’s industry revenue substantially.
- Fastest Growing Region: Europe is the fastest growing region due to stringent environmental policies and growing preference for compostable materials, with Germany and France leading deployment of TPS in packaging.
- Segment Categories and Sub-segments:
- Application Segment: Packaging dominates with flexible films as the leading sub-segment, driven by companies introducing TPS-based food packaging solutions in 2024. Agricultural films are the fastest growing sub-segment, especially for mulching applications in the US and India.
- Form Segment: Pellets hold the dominant market share given their compatibility with conventional processing. Films represent the fastest-growing form sub-segment with uptick in biodegradable product demand in Europe.
- End-use Industry: Food and beverage stands as the largest end-use contributor, leveraging TPS for eco-friendly packaging. The automotive segment is growing rapidly due to rising use of TPS composites in interior components as demonstrated by recent collaborations in 2025.
Market Key Trends
A pivotal market trend shaping the Thermoplastic Starch (TPS) Market Growth landscape is the innovation in TPS composite materials to improve mechanical properties and moisture resistance. In 2024, a significant breakthrough involved the launch of a novel TPS blend with enhanced durability, introduced by a Europe-based firm. This innovation addresses major market challenges around usability in humid environments. Moreover, increasing governmental incentives for bioplastics production have accelerated business growth and market expansion, especially in Asia-Pacific and Europe. As noted in recent market research, these initiatives have fostered a competitive market environment encouraging robust investments in R&D and sustainable product portfolios, directly impacting the TPS market trends and forecast positively.
Key Players
Key players actively shaping the global thermoplastic starch market include AGRANA Beteiligungs AG, Biome Bioplastics Limited, Novamont S.p.A., BASF SE, Corbion N.V., Cargill Incorporated, Mitsubishi Chemical Corporation, Plantic Technologies, NatureWorks LLC, Futamura Group, Synbra Technology, and RWDC Industries. These market companies are employing growth strategies including strategic partnerships, innovation in biopolymer formulations, and capacity expansions.
For example, in 2025, AGRANA Beteiligungs AG expanded its production capacities in Europe to meet rising demand for TPS pellets, enhancing market revenue streams. Biome Bioplastics Limited launched a new range of TPS-based compostable films aimed at food packaging sectors, significantly boosting its industry share across key markets. Collectively, such market growth strategies enable effective penetration in emerging regions, positioning companies favorably within the competitive market landscape.
FAQs
Q1: Who are the dominant players in the Thermoplastic Starch (TPS) market?
The dominant market players include AGRANA Beteiligungs AG and Biome Bioplastics Limited, among others, that focus on enhancing product innovation and expanding manufacturing capabilities to address increasing TPS demand worldwide.
Q2: What will be the size of the Thermoplastic Starch (TPS) market in the coming years?
The TPS market size is projected to reach USD 397.02 million by 2032, growing at a CAGR of 7.8% from 2025 to 2032, fueled by rising adoption in packaging and agriculture sectors.
Q3: Which end-use industry has the largest growth opportunity?
The food and beverage industry holds the largest growth opportunity for TPS applications, particularly in sustainable packaging solutions aimed at reducing plastic waste.
Q4: How will market development trends evolve over the next five years?
Market trends will evolve around technological advancements improving TPS properties, increased regulatory support for biodegradable materials, and expansion in emerging regional markets, driving sustained market growth.
Q5: What is the nature of the competitive landscape and challenges in the Thermoplastic Starch market?
The competitive landscape is marked by continuous innovation and strategic partnerships. Key challenges include enhancing product durability and moisture resistance, which ongoing R&D efforts are addressing effectively.
Q6: What go-to-market strategies are commonly adopted in the Thermoplastic Starch market?
Market players commonly adopt strategies such as capacity expansion, product diversification, collaborations for technological advancements, and regional market penetration to strengthen their position and drive business growth.
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Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
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